Universal Rubber buys Dybrook Products

Mike McNulty

Published: July 16, 2012 6:00 am ET

Related to this story

Topics Mergers & Acquisitions Pipe/Profile/Tubing
Companies & Associations

MIDDLEFIELD, OHIO (July 16, 11:45 a.m. ET) — Universal Rubber & Polymer Ltd. in Middlefield has acquired Dybrook Products Inc. to bolster its custom rubber product manufacturing operation and expand its customer base.

Universal Rubber is an operating company of private investment firm Cypress Cos. in Akron, Ohio.

The company made the purchase because both manufacturers have similarities and complement one another, creating a strong opportunity for future growth, according to Joe Colebank Jr., president and CEO of Universal Rubber.

The purchase could lead to an expansion next year at Universal Rubber’s facility in Middlefield, where Dybrook’s manufacturing operation eventually will be relocated, he said. Colebank added that the company also is interested in pursuing other potential acquisitions.

“We are taking a very aggressive strategy in growing Universal Rubber,” Colebank said. “This includes acquisitions, as well as internal growth.”

He said the Dybrook transaction has been completed. Financial details were not disclosed.

Dybrook is a Warren, Ohio-based custom molder and extruder of rubber and plastic products founded in 1989. It makes bumpers, gaskets, seals and other offerings using neoprene, nitrile, silicone and natural rubber for the automotive, industrial, commercial, energy and other markets.

Universal Rubber’s established strengths include rubber and plastic extrusion, rubber molding, secondary operations and overseas sourcing.

It produces a wide variety of goods — including gaskets, bumpers, seals, bushings and shock mounts—made from NR, silicone, nitrile, polyurethane, polyisoprene, butyl, neoprene and other elastomers.

Virtually all of Dybrook’s work force of about 42 employees will be offered positions within the combined company, Colebank said.

One former owner, Alan Endicott, will remain with the merged company for the time being while the other, Diane Bumstead, will retire.

Formed in 1970, Universal Rubber currently employs about 55 at its Middlefield facility.

Plans call for Dybrook personnel to continue operating out of its present 60,000-square-foot plant in Warren to ensure a seamless transition for customers.

In the future, he said, the work force and machinery at Dybrook’s plant will be consolidated into Universal Rubber’s more-than 100,000-square-foot Middlefield facility.

The facilities in Middlefield and Warren each feature a variety of rubber and plastic molding, extrusion and secondary service machines.

Colebank said another advantage of the acquisition will be that Universal Rubber will produce more of its products in the United States.

“We really believe in ‘Made in America,’ and we do some business in China,” he said. “Now we’ll bring some of that business back to our plants here.”


Comments

Universal Rubber buys Dybrook Products

Mike McNulty

Published: July 16, 2012 6:00 am ET

Post Your Comments


Back to story


More stories

Image

Dow Chemical to merge chlorine operations with Olin

March 27, 2015 12:43 pm ET

Dow Chemical Co. is combining a large part of its chlorine value chain with specialty chemicals and ammunition maker Olin Corp. to create a global...    More

Image

Flextronics launches global injection molding, tooling unit

March 26, 2015 4:29 pm ET

Flextronics International Ltd. (Booth S34125) is officially launching Precision Plastics, a global injection tooling and manufacturing unit, as a...    More

Image

Core Molding buys CPI Binani assets, adds markets, D-LFT capabilities

March 20, 2015 1:20 pm ET

Core Molding Technologies Inc. is expanding its thermoplastics capabilities with the acquisition of substantially all the assets of CPI Binani Inc.,...    More

Image

Proposed Cardia-Stellar merger labeled 'not fair,' but still 'reasonable'

March 20, 2015 10:34 am ET

If the proposed merger of two Australian bioplastics companies goes ahead, the new company will be called Secos Group Ltd. and have annual sales of...    More

Image

Transilwrap buys Clear Focus, expands in advertising films

March 20, 2015 10:03 am ET

Film extruder Transilwrap Company Inc. has bought Clear Focus Imaging, a manufacturer of printable plastic films for large-scale display advertising l...    More

Market Reports

Flexible Packaging Trends in North America

North America represents about 30 percent of the global consumption of flexible packaging. Annual growth in this region is forecast at 4 percent during the next 5 years.

For more insight on growth opportunities, drivers of growth and the outlook for 2015, download this report.

Learn more

Plastics Recycling Trends in North America

This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.

Learn more

Plastics in Mexico - State of the Industry Report

This report analyzes the $20 billion plastics industry in Mexico including sales of machinery & equipment, resins and finished products.

Our analysts provide insight on business trends, foreign investment, top end markets and plastics processing activity. The report also provides important data on exports, production, employment and value of plastics products manufactured.

Learn more

Upcoming Plastics News Events

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

More Events